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RE: DaoStreet Ventures: Transparent Silver Markets
Could you explain to me why would anyone buy "silver" with a 50% premium over spot?
Could you explain to me why would anyone buy "silver" with a 50% premium over spot?
My friend I have a long and a short response.
Short: At the present there are fewer transactions on crypto exchanges than the Comex because of technical difficulties and a lack of education/interest in it. When 1000 bitSilver are traded/24 hours the price can be expected to be more volatile than when hundreds of millions of ounces worth are traded on the Comex.
Long: What makes you so sure the "spot" price is the true price for silver? What if the efficient price of silver is much much higher? We already see that to a degree with the inevitable premium on physical silver. Few people in their right mind would let go of their silver for the published "spot" price. The real assets themselves are hardly exchanged. The Comex price is an expression of "paper" against "paper".
The objective of this project is to discover whether there is another price equilibrium for silver.
I liked your last phrase and I will follow your articles. I think that the objective of this project is extremely important and can be a paradigm change.
Then you understand the most critical part. I look forward to having you along.